Thread: EricDeLee's account talk

Originally Posted by Birchtree

June of 2012 allowed my oceanic account to take in +$286K and I'm planning on June 2013 to beat that amount. So June can be very profitable.

I don't know anything about an oceanic account... LOL I am assuming that's involves diving into buying actual stocks (not TSP stuff). Yes... I used a bad pun there....
I am looking to learn more in that stuff, but I'm trying to figure out the TSP stuff first.

Birchtree... if you'd like to help me out on where to get started... perhaps a little bit of solid advice... that would be greatly appreciated.

NOTE: What I need help with as well is to know WHAT to look for as indicators for what the market should do or can do. Someone mentioned that Chicago's PMI exploded higher than expected. How does that effect the market? How wouold I know to look for that bit of information to begin with?

(I'm glad you guys are being patient with me on this stuff. I am reading what I can, but there's a lot to it as well. I think I need a Cliff Notes version!! LOL)

Don't try to learn everything at once - you have plenty of time. I'm an old dog at this game starting in 1971 and I'm still learning while I make money. You will find that the point difference in our TSP funds are usually not enough to make serious money unless you have multi-thousands of shares on the line. So learn before you churn and build your base and then you'll be ready to earn more dollars for retirement. Some of our tracker gain percentages may not actually mean much if the pockets are shallow.

Yep... That's understood. While I like the fact I can throw money into the TSP, I also know that I need to toss it around elsewhere. But I'm a bit skeptical until I learn the system a bit more. But taking my time with it may be the best advice. I've built a little bit of the base by adding more into the TSP, but I also know I need to branch out sometime soon.

Not doing so hot this far. I still feel like I should be staying right here mainly in the S Fund, but now the I find is looking a little nice. Lol. I think I just need to be patient to see if I can increase my earnings. Since 29May I've lost .98% which kind of stinks. Lol

Originally Posted by EricDeLee

Not doing so hot this far. I still feel like I should be staying right here mainly in the S Fund, but now the I find is looking a little nice. Lol. I think I just need to be patient to see if I can increase my earnings. Since 29May I've lost .98% which kind of stinks. Lol

Eric, Be careful here. Its always tempting to go after the hottest fund of the day! Its called chasin". Kind of like high school. Going after the hottest girl in school! Make a plan and stick with it! JMHO

Originally Posted by Scout333

Eric, Be careful here. Its always tempting to go after the hottest fund of the day! Its called chasin". Kind of like high school. Going after the hottest girl in school! Make a plan and stick with it! JMHO

I never did much in the way of chasing and don't plan to now. Where I'd love to make 20% gains, I'd be happy with just grabbing 3% or so a month. Actually 2%. Lol. It all adds up in the end. I want to beat 4% quarterly gains. That's about all.

Note to self. Follow my own advice!

I bailed.
running to safety for the most part

Originally Posted by EricDeLee

I bailed.
running to safety for the most part

Possibly a dumb move.

I saw what was happening, and hit that panic button which went against what the tiny voice in my head told me to.
So after reading more... and kicking myself... I decided I must stick with the plan and avoid jumping around. I popped back in. I did it AFTER 12:00 yesterday, so I don't know if that will count for today's market, or if I have to wait for Monday. Well... the good thing is this: I am forced to stay where I am at... unless I bail to safety. So I am staying put and hoping to get a 1% increase this month.....
Dream small... baby steps.

Originally Posted by EricDeLee

Possibly a dumb move.

I saw what was happening, and hit that panic button which went against what the tiny voice in my head told me to.
So after reading more... and kicking myself... I decided I must stick with the plan and avoid jumping around. I popped back in. I did it AFTER 12:00 yesterday, so I don't know if that will count for today's market, or if I have to wait for Monday. Well... the good thing is this: I am forced to stay where I am at... unless I bail to safety. So I am staying put and hoping to get a 1% increase this month.....
Dream small... baby steps.

After 12 EST does not count for today's action. Monday it will

I've been pretty quiet in this area, but I've been pretty busy as well. Lol.
June I watched my account take some good hits. I made a few silly "panic" moves. But I've recovered since then.

14 trading days ago, I was showing as a -6.25 on the auto tracker's daily returns. I wasn't exactly deflated but was trying to figure out what the heck was wrong. I stuck to my guns, took a hit every once in a while and now sit at 1.47. A great swing that erased the deficit and placed me back in the game.
For "rankings" I was four numbers from the bottom of the barrel (1010 or something like that). Now I'm up to 860. Not great, but an improvement.

Looking at the trends of the Top 50, most of their funds are all sitting at 100% S Fund. So they sit at roughly 5.80% increase for the quarter, and with me having 10% in C Funds and the rest in S Funds, I'm at around 5.60%. I almost made a move to increase on that number today, as I had a feeling I fund was going to pop after reading a bit of BirchTree's thread and a few other things. But I stayed put at 10-C and 90-I.

I had intentions of moving to safety for the 10th trading day of July. I think I read that was historically the time the markets slip in July. So now I am debating. Rush off to G funds... Stay put... Or possibly jump over to mainly I Funds for a week and then charge back to my normal 10/90 split. I am leaning towards the latter, but need to research a bit more. Feel free to chime in if you have an opinion